Lagrange College

Analysis

Lagrange College is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in April 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lagrange College reported income of $45.2m and spending of $50.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $52.7m to $45.2m (-14%), an average of -3.8% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lagrange College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Friends University ($45.2m), Zearn ($45.3m) and TLC Academy ($45.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $537k (1.1% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $154.9m against liabilities of $39.4m, net assets of $115.5m. It reported 583 employees.